An Analysis of the Impact of Globalization on Third World Countries

This essay examines the multifaceted impact of globalization on third world countries. It begins by defining globalization and its processes, then delves into its advantages, such as increased employment opportunities and educational benefits, and disadvantages, including environmental degradation and unfair labor practices. The essay analyzes how globalization affects the economies of third world countries, highlighting the role of technology giants and the ease of communication. The paper concludes that while globalization offers opportunities for economic development, countries must implement strategies to mitigate its negative consequences and ensure sustainable growth. The essay uses multiple references to support the arguments and analysis provided.

Running head: IMPACT OF GLOBALIZATION ON THIRD WORLD COUNTRIES
IMPACT OF GLOBALIZATION ON THIRD WORLD COUNTRIES
Name of the Student
Name of the University
Author Note

1IMPACT OF GLOBALIZATION ON THIRD WORLD COUNTRIES
Introduction
The following paper deals with the discussion on the impact of globalization on the third-
world countries of the world. The paper opens with a discussion on the concept of the
globalization and proceeds to discuss the various advantages and disadvantages of the
implementation of globalization within the various organizations present all over the world. The
paper nears a conclusion with the discussion on the various impacts of globalization on the
development of the economic, political and the social activities that are undertaken by the
concerned state.
Globalization and its concept
The process off globalization refers to the various processes that help in the development
of the interpersonal interaction as well as the integration among the people, the countries as well
as the plethora of the governmental bodies that are active and present all over the world. The
globalization processes further refer to the capitalist expansions that ensure the integration of the
multitude of economies active all over the world into an economy market that is global and
unregulated (Çevik 2018). The improvement of the communication technologies and the
transport methods have led to the growth of the concept of globalization at an enormous scale.
The concept of globalization refers to the processes that help in the integration and the
establishment of the various relationships across the territorial boundaries of the nations. The
globalization that is to be maintained within the international markets tend to take into account
the relationships that are to be built on the cultural, economic, political and the social activities
that are maintained within the organizations that are active all over the globe (Hirst, Thompson
and Bromley 2015). The major aim of the concept of globalization refers to the transcendence of

2IMPACT OF GLOBALIZATION ON THIRD WORLD COUNTRIES
the homogeneity within the theories pertaining to the socio-economics and politics all over the
globe.
Advantages of globalization
The implementation of globalization has proven to be advantageous to the overall
development of the global economy. The implementation of the globalization within a given
market helps in the increase in the opportunities for the employment within the area. This in turn
helps in the improvement of the economic conditions within the given country (Ozer and
Schwartz 2016). In the present condition, it is observed that the technology giants like Microsoft
and Google are observed to have their establishments at the various third world countries as well.
This in turn helps in increasing the job prospects for the youth of the country thereby leading to
the improvement in the economy of the country as well. The other major advantage of the
globalization refers to the benefits that the activity offers in terms of the education. The
implementation of globalization all across the world also facilitates the concerned students to
travel from one country to the other in order to gather knowledge on a particular subject. This in
turn would facilitate the exchange of the cultural factors (Bretos and Marcuello 2017). The
various third-world countries tend to lack on the proper infrastructure that is required for the
higher education of the youth within the concerned market as well.
Disadvantages of globalization
The activity of globalization has major disadvantages as well. The major disadvantage of
globalization refers to the degradation of the environmental factors that are maintained within the
given organization. The implementation of the globalization within the various economies within
the world might lead to the adaptation of the unfair means by the companies that belong to the

3IMPACT OF GLOBALIZATION ON THIRD WORLD COUNTRIES
developed category (Lane 2017). The other factor that might prove to be disadvantageous to the
organizational workforce refers to the arrangement of the unfair conditions wherein the
workforce have to be work under unhealthy and poor conditions. This is generally observed in
order to lower the costs of labor there by keeping the profit margin at an all-time high. The
implementation of the globalization within the given markets at times further lead to the
reduction in the growth rate of the employment within the country. This is mainly observed to
occur in the recent times due to the increase in the use of technology within the given
organizational sectors. This in turn leads to the lack of the potential job opportunities that are
maintained within the organization as well (Perez 2017). This condition might also arise during
the shifting of the production facilities of the company from one area to the other.
Impact of globalization on third world countries
The globalization processes that are followed by the various nations tend to have a
greater effect on the economies of the third world countries. In the present condition, it is
observed that the technology giants like Microsoft and Google are observed to have their
establishments at the various third world countries as well. This in turn helps in increasing the
job prospects for the youth of the country thereby leading to the improvement in the economy of
the country as well (Haynes 2016). The implementation of the globalization has led to the ease in
the communications among the various countries of the world. The implementation of
globalization all across the world also facilitates the concerned students to travel from one
country to the other in order to gather knowledge on a particular subject. This in turn would
facilitate the exchange of the cultural factors. The various third-world countries tend to lack on
the proper infrastructure that is required for the higher education of the youth within the
concerned market as well (Wright 2018). The implementation of the globalization further helps

4IMPACT OF GLOBALIZATION ON THIRD WORLD COUNTRIES
in the improvement of the educational scope within the country thereby helping the improvement
of the knowledge base of the concerned residents of the country as well.
Conclusion
Thus, from the above discussion it might be pointed out that the implementation and the
incorporation of the globalization within the economy of the country is beneficial for the overall
development of the economy of the country. The globalization that is to be maintained within the
international markets tend to take into account the relationships that are to be built on the
cultural, economic, political and the social activities that are maintained within the organizations
that are active all over the globe. The countries featuring all over the world might thus be advised
to implement the globalization strategies in order to initiate a proper development of the country.

5IMPACT OF GLOBALIZATION ON THIRD WORLD COUNTRIES
References
Bretos, I. and Marcuello, C., 2017. Revisiting globalization challenges and opportunities in the
development of cooperatives. Annals of Public and Cooperative Economics, 88(1), pp.47-73.
Çevik, A., 2018. Globalization and identity. In Violence or Dialogue? (pp. 85-93). Routledge.
Haynes, J. ed., 2016. Religion, globalization and political culture in the Third World. Springer.
Hirst, P., Thompson, G. and Bromley, S., 2015. Globalization in question. John Wiley & Sons.
Lane, J.E., 2017. Globalization and politics: Promises and dangers. Routledge.
Ozer, S. and Schwartz, S.J., 2016. Measuring globalization-based acculturation in Ladakh:
Investigating possible advantages of a tridimensional acculturation scale. International Journal
of Intercultural Relations, 53, pp.1-15.
Perez, J.R., 2017. Global leadership and the impact of globalization. Journal of Leadership,
Accountability and Ethics, 14(3), pp.48-52.
Wright, D.R., 2018. The world and a very small place in Africa: a history of globalization in
Niumi, the Gambia. Routledge.